Altavista Wealth Management Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 19,112 shares of the oil and gas company’s stock after selling 1,872 shares during the quarter. Altavista Wealth Management Inc.’s holdings in Exxon Mobil were worth $1,067,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in XOM. Coerente Capital Management purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $711,000. Allred Capital Management LLC raised its holdings in Exxon Mobil by 1.7% in the first quarter. Allred Capital Management LLC now owns 28,507 shares of the oil and gas company’s stock valued at $1,592,000 after buying an additional 477 shares during the period. Ceera Investments LLC acquired a new position in Exxon Mobil during the first quarter valued at approximately $314,000. Strategic Financial Services Inc grew its stake in Exxon Mobil by 0.7% during the first quarter. Strategic Financial Services Inc now owns 26,830 shares of the oil and gas company’s stock worth $1,498,000 after buying an additional 175 shares during the period. Finally, Clearview Wealth Advisors LLC increased its position in shares of Exxon Mobil by 25.8% in the first quarter. Clearview Wealth Advisors LLC now owns 3,198 shares of the oil and gas company’s stock worth $179,000 after acquiring an additional 655 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.
XOM stock opened at $58.98 on Thursday. The firm has a market cap of $249.69 billion, a price-to-earnings ratio of 35.11 and a beta of 1.31. Exxon Mobil Co. has a 1-year low of $31.11 and a 1-year high of $64.02. The firm has a fifty day moving average price of $57.93 and a two-hundred day moving average price of $49.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.06. The business had revenue of $59.15 billion during the quarter, compared to analyst estimates of $55.36 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. During the same period in the previous year, the business posted ($0.14) EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Wednesday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
In related news, Director Michael J. Angelakis purchased 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The shares were acquired at an average price of $57.16 per share, with a total value of $1,429,000.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at approximately $457,280. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by corporate insiders.
A number of brokerages recently weighed in on XOM. DZ Bank raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, May 11th. JPMorgan Chase & Co. set a $74.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Friday, April 30th. Morgan Stanley raised their target price on Exxon Mobil from $60.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, March 16th. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $55.00 price objective on shares of Exxon Mobil in a research report on Friday, April 30th. Finally, Evercore ISI initiated coverage on shares of Exxon Mobil in a research report on Tuesday, February 23rd. They set an “inline” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.46.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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